Amazon reports its first unprofitable year since 2014

Amazon reports its first unprofitable year since 2014Amazon packages move along a conveyor at an Amazon warehouse in Arizona.

The biggest culprit was Amazon hefty investment in the electric automaker Rivian, whose value plummeted last year. Amazon also contends with the need to recalibrate after a pandemic-era upsurge.

(Image credit: Ross D. Franklin/AP)

https://www.npr.org/rss/rss.php?id=1019Technology : NPRLatest technology news and breakthroughs in technology, science, and industry. Download the NPR Technology podcast and Technology RSS feed.https://media.npr.org/images/podcasts/primary/npr_generic_image_300.jpg?s=200Technology124Alina Selyukh

Powered by WPeMatico

Leave a Comment

Your email address will not be published. Required fields are marked *


Scroll to Top